A Thai bitcoin exchange has suspended trading alleging that the Bank of Thailand has declared the cryptocurrency illegal, throwing the community into heated debate. Bitcoin Co Ltd, a Thai exchange, posted a note on its website saying that the Bank of Thailand held a conference earlier today to discuss the exchange’s business operations. “At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets the following Bitcoin activities are illegal in Thailand,” says the post. It outlined the purchase or sale of bitcoins themselves as illegal, alongside the buying and selling of goods or services in exchange for bitcoins. Sending or receiving bitcoins to or from anyone outside Thailand would also be il...